UMS

Semicon/UMS: TSMC, the world's largest chip maker, released 2Q10 result better than the forecast. TSMC said strong wafer shipments from growing customer demand for electronic gadgets lifted its 2Q net profit to a record and raised its capital expenditure target for this year to a record US$5.9b from its previous target of US$4.8b (previous consensus: US$5.2-5.3b). The Mgmt also revised upwards growth expectations of 30% this year for the global semicon industry, from a previous forecast of 22%